Comments on: Bloomberg’s weird Buffett spoiler http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/ A slice of lime in the soda Sun, 26 Oct 2014 19:05:02 +0000 hourly 1 http://wordpress.org/?v=4.2.5 By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37267 Sat, 24 Mar 2012 01:02:05 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37267 @ dindjic Why? Surely anything can be a benchmark if you want it to?

]]>
By: dindjic http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37251 Fri, 23 Mar 2012 15:04:18 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37251 We have to be extra careful about ‘investability’ of hedge fund indexes: only ‘investable’ indexes and (probably) ideally broad hedge fund index replicators should be considered for benchmarking.

]]>
By: jaham http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37249 Fri, 23 Mar 2012 14:44:25 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37249 I think this is an exemplification of the overzealousness of media these days. In today’s world of instant news and gratification, the media is clawing for stories and true journlistic professionalism has largely gone by the wayside

]]>
By: FifthDecade http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37247 Fri, 23 Mar 2012 14:11:48 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37247 I think this is a very interesting story, not just because of the personalities involved, or the politicking between authors or publishers, interesting as they are, but simply because it is a real public test of the claims of the Hedge Fund industry that their ridiculously high charges are justified because of outperformance. Whenever I’ve compared the performance of the average Fund of Hedge Funds with the average Fund I’ve found no appreciable difference or the Hedge Fund has underperformed.

Granted, those comparisons were done using averages, and maybe some individual Hedge Funds did well. The trouble is, with so many out there, how do you know which one will outperform from the beginning? They’re all sold incredibly hard, they all have very competent salespeople pushing them to very often a closed group of clients, and yet performance is not significantly better overall than ordinary Mutual Funds. It’s just the sell side that shines.

]]>
By: JimInPanama http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37246 Fri, 23 Mar 2012 13:53:20 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37246 Thanks for reporting on this. Means so much to so many.

]]>
By: dsquared http://blogs.reuters.com/felix-salmon/2012/03/23/bloombergs-weird-buffett-spoiler/comment-page-1/#comment-37243 Fri, 23 Mar 2012 12:10:34 +0000 http://blogs.reuters.com/felix-salmon/?p=12601#comment-37243 Call me Mr Pedant, but the DJ CS Broad index specifically doesn’t include any funds of funds. It’s an index that’s meant to be representative of the overall hedge fund universe, but funds-of-funds don’t always (or even often) attempt to replicate the index. They have their own investment goals (often to deliver a target return with low volatility). Bloomberg would be wanting the HFRI Fund of Funds Composite index.

]]>